With increasing digitization of business operations, a plethora of mission-critical assets such as enterprise information, databases, and applications are increasingly becoming highly vulnerable to unauthorized access and cyber-attacks. The conventionally used wide area network (WAN) solutions are not able to protect networks from various threats and provide efficient and effective security control for several cloud-based applications.
This is why software-defined wide area network (SD-WAN) solutions are being adopted for assisting in the monitoring and measuring of network traffic. Moreover, these solutions help information technology (IT) professionals gain deeper visibility into WAN and allow them to accurately detect and identify security attacks.
Besides this, the increasing adoption of big data and the internet of things (IoT) in various business operations is also fueling the expansion of the SD-WAN industry across the world. As per the Microsoft IoT Signals Report 2019, 85% of the total number of respondents have already adopted the IoT. Furthermore, nearly 75% have started working on various IoT-based projects.
However, there are various challenges associated with the usage of big data and the IoT such as high costs of implementation, data privacy issues, issues related to the management and handling of the data, the lack of proper knowledge, and concerns regarding security issues. SD-WAN provides zero-touch provisioning (the automatic configuration of devices and systems with minimal human intervention), minimization of risks, and centralized control and management.
This market research report provides a comprehensive overview of the market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings